yep. it didnt . something will give sooner or later in the hardware space... nintendos shigeru miyamoto recently said the company has no interest in being involved in the hardware competition race and just focus on making good games and i can totally see where hes coming from. one of my most played games is a 2d pixel art called noita lol. I dunno feel unsettled by all this.
AAA industry already have issues with flop after flop recently, they are already listening lessons, but as usual very slowly. Pushing all resources to graphics whilst gameplay just sucks is not a good idea. No amount of patching will fix this later, hence such games are doa. And very expensive to manage too, so usually just a big loss. I do prefer indie games recently or from smaller publishers (so called AA). Some of these can still use 4090 well but in much more sensible way.